Seems Like Axs finally ready for 30$Seems Like Building up for Massive Breakout Over all formed Descending Channel in 3 days Tf Incase Of Breakout expecting Move Towards 25 to 30$
AXS
📉 Downward Channel & Weekly Bullish Divergence on $AXSHey traders! Today, I want to discuss an intriguing chart pattern I've identified on NYSE:AXS (Axie Infinity). Let's explore the downsloping channel accompanied by weekly bullish divergence and assess its implications for potential price action. 📊💡
Pattern: Downward Channel & Weekly Bullish Divergence 📉🔽
Symbol: NYSE:AXS 💰
Overview:
A downsloping channel is a notable chart pattern characterized by a series of lower highs and lower lows. Additionally, the presence of weekly bullish divergence further strengthens the potential for a reversal. Let's delve into the downsloping channel and bullish divergence on NYSE:AXS in more detail. ⚡💹
Key Features of the Downward Channel & Weekly Bullish Divergence on NYSE:AXS :
Channel Formation: Observe the well-defined downsloping channel, which consists of a series of lower highs and lower lows. This indicates a prevailing bearish trend. 📈📉
Weekly Bullish Divergence: Notice the bullish divergence forming on the weekly timeframe, where price creates a lower low while the corresponding oscillator indicator forms a higher low. This suggests a potential shift in momentum. 🚀📈
Trading Strategy:
Entry Point: Consider entering a position once NYSE:AXS breaks out above the upper trendline of the downsloping channel, supported by the confirmation of bullish price action and the weekly bullish divergence. This breakout could signal a potential trend reversal and the start of an upward move. ⬆️💰
Stop-Loss: Implement a stop-loss order below the recent swing low or below the lower trendline of the channel to manage risk and protect against potential downside. ⛔️📉
Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈
Risk Management:
Maintain proper risk management techniques, including position sizing, setting stop-loss orders, and adhering to your trading plan. Be aware of the risks associated with trading cryptocurrencies like $AXS. ⚠️💼💡
Disclaimer: Trading cryptocurrencies involves risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions.
#DownslopingChannel #BullishDivergence #AXS #AxieInfinity #Cryptocurrency #TrendReversal #TradingStrategy #TechnicalAnalysis
In conclusion, the downsloping channel and weekly bullish divergence identified on NYSE:AXS indicate a potential reversal in the making. However, wait for a confirmed breakout above the upper trendline and validate the bullish price action before considering any trades. Stay tuned for further updates on $AXS! 💹🚀
(Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
#AXS/BTC 1D (#Binance) Falling wedge breakoutAxie Infinity just regained 20EMA support in satoshi, looks ready for a small recovery towards 100EMA.
⚡️⚡️ #AXS/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 11.0%
Current Price:
0.0002580
Entry Targets:
1) 0.0002611
Take-Profit Targets:
1) 0.0003049
Stop Targets:
1) 0.0002345
Published By: @Zblaba
NYSE:AXS #AXSBTC #AxieInfinity #P2E #NTF #Ronin axieinfinity.com
Risk/Reward= 1:2
Expected Profit= +18.2%
Possible Loss= -9.1%
The AXS chart is terrible (1D)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the AXS symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AXS Axie Infinity Triangle Formation BreakdownI don`t know if you have seen my preview AXS chart that had more than 500 Likes:
In its recent case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS) and COTI (COTI).
The AXS (Axie Infinity) cryptocurrency recently experienced a breakdown of a triangle formation, signaling a potential bearish pattern. A triangle formation is a common technical chart pattern characterized by converging trendlines, indicating a period of consolidation before an anticipated breakout.
In the case of AXS, the breakdown of the triangle formation suggests a shift in market sentiment towards a bearish bias. This breakdown occurs when the price falls below the lower trendline of the triangle, indicating a potential continuation of the downtrend or a decline in price.
Traders and investors who closely monitor technical patterns may view the breakdown of the AXS triangle formation as a bearish signal, potentially prompting them to consider short positions or adjust their existing trading strategies accordingly.
Considering the above, my prite target for AXS Axie Infinity is $3.55, its strongest support.
Looking forward to read your opinion about it.
AXS/USDT - Axie Infinity: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the NYSE:AXS / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 7.46 | 7.69 | 8.28, and the major support zones can be found at 6.87 | 6.51 | 5.92. Consider entering a trade at the current price zone of 7.37 and targeting higher levels.
◰◲ General info :
▣ Name: Axie Infinity
▣ Rank: 56
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Media and Entertainment - Gaming
▣ Overview: Architected by Sky Mavis and inspired by Pokemon, Axie Infinity is a "play-to-earn" pet training game and virtual world built on the Ethereum blockchain. Players can collect, breed, battle, and trade in-game pets called Axies. All in-game assets are represented via fungible ERC-20 or non-fungible ERC-721 tokens and thus trade on secondary markets.
◰◲ Technical Metrics :
▣ Mrkt Price: 7.37 ₮
▣ 24HVol: 11,815,545.852 ₮
▣ 24H Chng: 2.078%
▣ 7-Days Chng: 2.36%
▣ 1-Month Chng: -1.00%
▣ 3-Months Chng: -14.91%
◲◰ Pivot Points - Levels :
◥ Resistance: 7.46 | 7.69 | 8.28
◢ Support: 6.87 | 6.51 | 5.92
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.84
▣ Last 90D: -0.94
▣ Last 1-Y: -0.55
▣ Last 3-Y: 1.41
◲◰ Volatility :
▣ Last 30D: 0.50
▣ Last 90D: 0.66
▣ Last 1-Y: 1.06
▣ Last 3-Y: 1.75
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.75 - V. Bullish
▣ In-depth AXSUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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AXS on weekly support, likely to bounceThe price has once again hit the weekly support zone. It may go deeper or breach the zone briefly, but I expect it to hold here and bounce towards weekly resistance. There are some daily resistances on the way up to weekly resistance and may hold the price in between.
Axs Building Up for Massive Breakout Axs Building Up for Massive Breakout Forming Descending Channel & trying To Clear Channel Once Got Cleared Midterm Target Would 300%+
Downward Trend Reversal Potential and Target ConsiderationsAXS has exhibited a downward trend over the preceding month, manifesting a robust negative response subsequent to encountering the resistance level of $9.60. Concurrently, market dynamics exerted selling pressure, leading to a reversion of this currency's value to the previous support level. Despite breaching the previous floor within the $7 range, the price has persistently clung to the indicated support level in the range of $6.50.
Within this specific range, a range channel formation has materialized across lower time frames, implying the potential for a trend reversal. It is pertinent to note the presence of positive indicators within the daily time frame that signal a favorable shift. Furthermore, it is noteworthy that the chart reflects a pump condition for this currency. However, it is important to exercise caution as the price has encountered resistance at the upper boundary of the primary downward channel, which could lead to a retracement toward the upper boundary of the 4-hour time range. If the support level remains intact and the price sustains its upward trajectory, consideration can be given to a target range of approximately $11.5 for this currency.
AXSUSD - Quadruple BottomAXS is trying to form a bottom from its long streak of downsides. A good candidate for a reversal is here where price has touched the same horizontal four times. Lets see what happens.
AXS SHORT SETUPAXS is trading below support going back to swing high of 30 April21.
Short term relive or sideways trade as funding is extended. (orange or red)
Slow grind lower and swapping S/R, followed by strong expansion to the downside (blue).
Green zones are targets
AXS ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the AXS symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Axie Infinity (AXS) technical analysisAXS came down to a key support area and started to show signs of changing direction as Bitcoin started to goes up. A harmonic pattern is also formed. There is a downtrend line that must first break in order to consider AXS's uptrend wave.
AXS: Channel Down BreakoutAxie Infinity (AXS) technical analysis:
Trade setup : Price appears to have broken out of a Channel Down pattern, which could signal a trend reversal with upside to $13.00 (start of Channel). Conservative traders could wait for a confirmation of breakout – if price breaks above 200-day MA. Stop Loss level should be set below the prior swing low of $7.00.
Pattern : Price is trading in a Channel Down patternWith complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10 (previous support), then $15.
Fxs Looks Promising Seems Like getting ready To Continue Moves To The upside
Forming descending Channel Incase Of breakout expecting another 70 to 80% bullish move Keep Eyes On for breakout
AXS | Looks Promising here..!!
#AXS Looks Promising here 🔥
Pretty Solid Consolidation in Descending Channel.
Seems like Bottomed out & Ready to Fly.
In Case of Breakout, Expecting +400% Bullish Rally in the Midterm..(Patience Needed)
It's important to maintain a Disciplined and Patient approach to investing in order to achieve Long term Success.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
AXS USDTI recall 2020 for real sometimes it nice to have a memory of pattern.. simple and less complicated.
#AXSUSD - Huge Short Coming off After Huge Long!We closed a large Long trade of 56% gains with #AXS yesterday, it was a good day - and this wasn't even the best trade of the day! :)
Coming off the back of that success we've got a good Sell signal from Crypto Tipster v2, price tested and was rejected by this descending trend line and there's a reasonable gap for the price to fall until recent support levels are hit.
TP1 should net you 20% on this Short trade, if TP2 get's hit you'll be looking at nearly 50% - awesome.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Axie Infinity (AXS) formed bullish Butterfly for upto 128% rallyHi dear friends, hope you are well and welcome to the new update on Axie Infinity ( AXS ) token.
Previously we caught more than 54% pump of AXS as below:
On a daily time frame, AXS has formed a bullish Butterfly move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
